Marketplace Lending News Roundup – March 18

News

During the week I share the latest marketplace lending news on Twitter as it happens. Then every Saturday I take the most interesting news items and blog posts from the past week and share them here.

Weekly Industry Update: LendIt 2017 & Arcadia Receivables Credit Trust (ARCT 2017-1) from PeerIQ – This week’s PeerIQ article analyzes the new Arcadia securitization of Lending Club prime consumer loans.

LendIt USA 2017: Sessions You May Have Missed from LendIt – All the presentations from LendIt USA last week are available here.

House GOP demands that OCC slow down on fintech charter from American Banker – The House GOP have sent a letter to the OCC requesting a slow down on the fintech charter.

Here’s Everything You Should Know About Alternative Lending In Asia from Forbes – While certainly not everything you should know about alternative lending in Asia it is a decent primer.

Foxconn Reveals Plan for Blockchain Supply Chain Domination from CoinDesk – Chained Finance is a new concept built on the blockchain and launched at LendIt USA last week by Dianrong and Foxconn.

Revolut partners with peer-to-peer lender on instant credit offering from AltFi – Interesting partnership announced today in the UK. Digital banking app Revolut is hooking up with Lending Works.

LendIt Conference 2017: LendingHome’s Cofounder And CEO Matt Humphrey Is Changing How We Buy Homes from Forbes – Great interview with Matt Humphrey, CEO of LendingHome on how his company is changing real estate.

Online Lender Marlette Cuts Staff in Push for Profitability from The Wall Street Journal – Another leading online lending platform Marlette Funding has announced layoffs.

Signs of a Turnaround? A Closer Look at Orchard’s 2016 Q4 Report from Orchard – Orchard digs into the data for US unsecured consumer loans from their Q4 2016 report.

ProducePay raises $77 million in debt and equity to revolutionize farm financing from TechCrunch – PitchIt @ LendIt finalist from 2016 ProducePay has just raised $77M in new financing.

Debt Doesn’t Have To Be A Dirty 4-Letter Word from Forbes – The CEO of Bond Street, David Haber, discusses small business financing and why debt can be better than equity.

What we learned from app-only bank Monzo’s crowdfunding pitch from Business Insider – Oscar Williams-Grut takes a look at UK bank Monzo’s crowdfunding pitch.

First European P2P securitisation sees Moody’s upgrade from AltFi – The first Funding Circle securitization has received an upgrade due to lower than expected losses.

Why ‘challenger banks’ haven’t taken off in the US from Tradestreaming – In the UK challenger banks are getting traction. Tradestreaming explores why this is not the case in the US.

Managing Risk in Small Business Lending from deBanked – The CRO of BlueVine talks about his transition from PayPal and the role of risk management.

All the ways AI will slash Wall Street jobs from American Banker – I agree with Penny Crosman that AI is going to dramatically alter many areas of finance in the future.

From the Lend Academy Forum

The Lend Academy forum is where investors go to discuss p2p lending. Below are some topics that were being discussed this week.

Lendit 2017 questions – Forum members share their opinion on several sessions at LendIt USA.

Trying to Understand Taxes on Interest – An investor asks the forum about the tax treatment when investing in Lending Club loans.

Worst Month Yet – A popular thread where investors continue to share account performance.

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